Common use of Banks Clause in Contracts

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 Business Days’ prior notice from that Bank to the contrary. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 2 contracts

Samples: Credit Agreement (Spirent PLC), Facility Agreement (Spirent PLC)

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Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until unless it has received not less than 5 five Business Days' prior notice from that Bank to the contrary. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 2 contracts

Samples: Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo), Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo)

Banks. (a) The Agent may treat each Bank as a Bank, Bank and entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary not less than 5 five Business Days’ Days prior notice from that Bank to the contraryany relevant payment. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Loan Agreement (National Grid Group P L C)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 five Business Days' prior notice from that the Bank to the contrary. (b) The Agent may at any time, and shall if requested required to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Revolving Credit Facility (Txu Europe LTD)

Banks. (aA) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 five Business Days’ prior notice from that the Bank to the contrary. (bB) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Facility Agreement (Tomkins PLC)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 five Business Days' prior notice from that Bank to the contrary. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Credit Facility Agreement (Rexam Acquisition Subsidiary Inc)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than 5 five Business Days’ Days prior notice from that Bank to the contraryrelevant payment. (b) The Agent may at any time, and shall must if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Revolving Credit Facility (Celltech Group PLC)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement the Finance Documents and as acting through its Facility Office(s) ), until it has received not less than 5 five Business Days’ prior ' notice from that the Bank to the contrary. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks. The Ancillary Bank may attend and speak at any such meeting.

Appears in 1 contract

Samples: Revolving Advance and Letter of Credit Facility (Independent Energy Holdings PLC)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 Business Days' prior notice from that Bank to the contrary. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Revolving Credit Facility (Spirent PLC)

Banks. (a) The An Agent may treat each Bank as a Bank, Bank and entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary not less than 5 five Business Days’ Days prior notice from that Bank to the contrary.any relevant payment. 77 -------------------------------------------------------------------------------- (b) The An Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Loan Agreement (National Grid Group PLC)

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Banks. (a) The Each Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) ), until it has received not less than 5 five Business Days' prior notice from that the Bank to the contrary. (b) The Each Agent may at any time, and shall if requested required to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Revolving Credit Facility (Toreador Resources Corp)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 (five) Business Days’ prior written notice from that Bank to the contrary. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Revolving Credit Facility (Anglogold Ashanti LTD)

Banks. (a) The Facility Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 five Business Days' prior notice from that Bank to the contrary. (b) The Facility Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Vivendi Universal)

Banks. (a) The An Agent may treat each Bank as a Bank, Bank and entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary not less than 5 five Business Days’ Days prior notice from that Bank to the contraryany relevant payment. (b) The An Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.. Back to Contents

Appears in 1 contract

Samples: 364 Day Multi Currency Revolving Credit With Term Out Option (National Grid Transco PLC)

Banks. (a) The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received not less than 5 five Business Days' prior notice from that Bank to the contrary. Each Bank, on the date on which it becomes a party to this Agreement, represents to the Agent and the Borrowers that it is an Approved Bank. (b) The Agent may at any time, and shall if requested to do so by the Company or the Majority Banks, convene a meeting of the Banks.

Appears in 1 contract

Samples: Loan Agreement (Adecco Sa)

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